Interactive Investor (ii) is one of the UK’s largest and most trusted investment platforms. Known for its straightforward pricing, wide range of investment options, and reliable customer service, Interactive Investor is a great choice for beginner traders looking to build confidence in managing their investments. In this detailed review, we’ll cover its features, fees, safety, and more to help you decide if it’s the right platform for your trading journey.
Interactive Investor Platforms & Assets
Trading Instruments
Interactive Investor offers a wide variety of investment options, catering to beginners and experienced traders alike:
- Stocks and Shares: Trade UK and international stocks across major exchanges.
- Funds: Invest in actively managed funds, including mutual funds.
- ETFs (Exchange-Traded Funds): Choose from a wide range of sector-specific or diversified ETFs.
- Investment Trusts: Access professionally managed portfolios.
- Bonds: Buy and sell corporate and government bonds.
- ISAs (Individual Savings Accounts): Tax-efficient savings and investment options.
- SIPPs (Self-Invested Personal Pensions): Build a retirement fund with flexible investment choices.
The platform’s wide selection ensures that beginners have the tools to diversify their portfolios effectively.
Trading Platforms
Interactive Investor’s platform is user-friendly, offering tools for beginners and advanced traders:
- Web Platform:
- Simple and intuitive design for easy navigation.
- Portfolio management tools with performance tracking.
- Real-time market data and research tools.
- Desktop Version:
- Advanced features like detailed charting and analysis tools.
- Ideal for traders requiring more in-depth data.
- Mobile Compatibility:
- Optimized for smartphones and tablets for seamless trading on the go.
The platform provides everything a beginner needs to make informed decisions without feeling overwhelmed.
Mobile App
Interactive Investor’s mobile app offers convenience and functionality, available on both iOS and Android:
- Portfolio Tracking: Real-time updates on your investments.
- Quick Trading: Buy and sell assets with a few taps.
- Market Insights: Access to research and news to stay informed.
- Custom Watchlists: Monitor specific stocks or funds of interest.
The app is ideal for beginners who want to stay connected to their investments wherever they are.
Interactive Investor Fees & Bonus
Commissions & Fees
Interactive Investor uses a subscription-based fee model, which is unique compared to other brokers:
- Monthly Subscription Fee:
- Investor Plan: £4.99/month (includes one free trade).
- Funds Fan Plan: £9.99/month (ideal for fund investors).
- Super Investor Plan: £19.99/month (for active traders).
- Trading Fees:
- Stocks and ETFs: £5.99 per trade.
- Funds: Free for regular investments; £7.99 per one-off trade.
- Foreign Exchange Fee: 1.5% for non-GBP transactions.
The subscription model is transparent, and the free trade credits help reduce costs for active users.
Deposit & Withdrawals
Depositing and withdrawing funds on Interactive Investor is simple:
- Deposit Methods: Bank transfers, debit cards, and regular contributions for ISAs and SIPPs.
- Withdrawal Methods: Direct transfers to linked bank accounts.
- Processing Time: Deposits are usually instant; withdrawals take 1-3 business days.
There are no hidden fees for deposits or withdrawals, making fund management straightforward.
Bonus & Promotions
Interactive Investor occasionally runs promotional offers to attract new users:
- Welcome Bonus: Free trading credits or cashback for new users.
- Referral Program: Reward for referring friends to join the platform.
- Fee Waivers: Discounts or waived fees during promotional periods.
These bonuses add extra value, especially for beginners just starting out.
Interactive Investor Safety & Regulation
Regulation & Safety
Interactive Investor is one of the safest platforms for trading and investing, operating under strict regulations:
- FCA-Regulated: Authorized and regulated by the UK’s Financial Conduct Authority.
- FSCS Protection: Client funds are protected up to £85,000 under the Financial Services Compensation Scheme.
- Client Fund Segregation: User funds are kept separate from the company’s operational accounts.
These measures ensure that your investments and funds are secure.
Trading Accounts Type
Interactive Investor offers various account types to suit different investment needs:
- General Investment Account (GIA): For trading and investing without tax advantages.
- Stocks and Shares ISA: Tax-efficient investing for UK residents.
- Junior ISA: Savings for children, managed by parents or guardians.
- SIPP: Flexible retirement account with a wide range of investment options.
These account types cater to both short-term and long-term financial goals.
Fraud Prevention
Interactive Investor employs robust measures to protect users from fraud:
- Two-Factor Authentication (2FA): Secure login for enhanced account safety.
- Data Encryption: Ensures user information and transactions are secure.
- Real-Time Alerts: Notifications for account activity and suspicious transactions.
These security features provide peace of mind for beginner traders.
Interactive Investor Support & Education
Education Center
Interactive Investor offers comprehensive resources to educate and empower traders:
- Articles and Guides: Covering trading basics, investment strategies, and market analysis.
- Videos and Webinars: Interactive content hosted by experts.
- Investment Ideas: Recommendations and insights for beginners.
- Glossary: Definitions of financial terms to simplify learning.
The educational content is accessible and beginner-friendly, making it easier to understand complex concepts.
Customer Support
Interactive Investor provides reliable customer support through:
- Phone Support: Available during business hours for quick assistance.
- Email Support: For non-urgent queries.
- Help Center: An extensive FAQ section addressing common questions.
The support team is knowledgeable and responsive, ensuring that users feel supported.
Interactive Investor Community Feedback
Google Reviews
Interactive Investor receives positive feedback on Google for its:
- Transparent pricing model.
- Wide range of investment options.
- Secure and reliable platform.
Some users have mentioned that the subscription model may not suit infrequent traders.
Average Rating: 4.4/5.
Trustpilot Reviews
On Trustpilot, Interactive Investor is praised for:
- Excellent customer support.
- Educational resources.
- User-friendly interface.
Criticisms include occasional delays in account setup during high traffic periods.
Average Rating: 4.3/5.
Interactive Investor Pros & Cons
Advantages
- Transparent Subscription Model: Flat fees provide clarity and control over costs.
- Wide Asset Coverage: Access to UK and international stocks, funds, and ETFs.
- Strong Educational Resources: Helps beginners build confidence in their trading skills.
- Highly Secure: FCA regulation and FSCS protection ensure user safety.
Disadvantages
- Subscription Fees: May not be cost-effective for infrequent traders.
- No Live Chat Support: Limited customer service options compared to competitors.
- Higher Forex Fees: A 1.5% foreign exchange fee adds to costs for international trades.
Final Thoughts
Interactive Investor is a well-rounded platform that caters to beginner traders looking for a secure and transparent way to invest. Its subscription-based pricing, educational resources, and wide range of assets make it an excellent choice for those new to trading. While the fees may not suit occasional traders, the platform’s reliability and features outweigh these minor drawbacks. If you’re ready to start your trading journey, Interactive Investor is a trusted and user-friendly option.